i'm kelly evans. here is what's ahead of us today. buy the dip is something you're told from strategists on wall street what if there aren't any dips to buy? we're speak with a key researcher behind the pfizer vaccine and why she's not overly concerned about those covid var variants a key suppliers was suffering a multi-million dollar ransomware at attack we begin with markets and dom is here >> people did buy the dip today. even the dips from this morning were pretty shallow. you can see here, decently higher up about two-thirds now 34,050 similar percentage gains the last trade there powering some of the gains has been some of the dip buying in the reopening trade type stocks. o we'll audioctalk about those mo the ipo of the day those shares opened up at 65 half after pricing at $56 a piece. one measure of mark value at that level of prices for the ipo price puts its market value at around 31 billion dollar that puts its valuation up towards of nearly 39 to 40 billion. one of those stocks to keep an eye on it signals there's an appe

i'm kelly evan just we are seeing the markets head higher today. but a lot of people wonder if things are this good and time to worry again. right? let's go to bob pisani for more. >> hello, kelly. banks and reopening stocks doing better but no catalyst for the move down and just churning around right now it's the middle of earnings season and there's guidance again and so happy to hear that and the stock market so we had comments today from anthem, tenet healthcare asml all raising guidance to the upside not a single ceo i have seen declined to give guidance. nobody's hiding behind that old story anymore. one problem is peak everything right now we are in the middle of peak optimism the peak of the economic cycle is happening right now and probably the peak of the reopening news is happening meaning that this is priced in that's one problem a second problem, at new highs there are speculative parts of the market that took a hit and talking about spacs and there are other speculative sectors well off the highs the ipo market, more than 20% off the

happy friday i'm kelly evans. here is what's ahead under pressure with costs going up all across the economy, companies are forced to raise their prices or shrink their profits. we'll you which parts are safe >>> just the beginning dan says evs are one part of the auto tech revolution that will impact every aspect of our lives. we'll ask and amazon seems to be the king of everything these days apple's eu problem and the april fool's joke that went over poorly we start with the markets. >> inflation markets are under pressure as well not by that much fractionally speaking, the dow industrial, the s&p, nasdaq all moving to the down side here roughly half to two-thirds of 1% the s&p 500 at the highs was still down 13 points at the lows down roughly 33 points it's been energy and communication services within that tech neemedia realm. technology per se and health care, the two under performing sectors so far over the last week, a very big divergence happening within certain parts of the tech and media telecon. berkshi

i'm kelly evans. here's what's ahead on the exchange today intel is set to report earnings. can the battleground name and key u.s. supplier justify its recent rally with new ceo ambitious turnaround plan and more competition than other. >>> plus, one hot burrito. chipotle reports a jump in sales. the ceo joins us to talk spending trends jobs and inflation pressures. >>> plus, an ev call an under the radar stay-at-home stock. we begin with today's market dom chu. >> i keep thinking about hot burritos you got me hungry. looking forward to the chipotle interview. i want to call your attention to the fact that the markets are well off their lows. at the lows the dow was down 182 points the s&p 500 up .1% 4,180 the last trade on the nasdaq up.5%. the outperformer of the three indexes. one hot burrito is the transportation market. the iyt up .5% up 89% over last year. it gets a gold star. it hit a record intraday high in trading today driven by strength in airline stocks. equifax. a name we don't often talk about, single handedly the biggest gainer in the s&p 500 today. up about 1

i'm kelly evans.er matheson will join me in a moment stocks rebounding after yesterday's tax bombshell. tech stocks are leading the way. nasdaq up 1.5% bitcoin below 50,000 it was back and forth all day. look at ethereum light coin. intel is falling after the results and this industry going through turbulence but could

. >>> good afternoon i'm tyler matheson literally alongside kelly evans today.night live" next month we'll talk all things musk as they report results in a couple of hours. >>> ceo pay is a hot topic several companies shelling out big bucks while the companies struggle through the pandemic. >>> cowboys and crypto how did wyoming become a haven for cryptocurrency companies we have all that and more as "power lunchst

i'm about to say some words that make me very map pi, with kelly evans i'm tyler matheson watching the market sliding right now but is there a reason to be really worried we'll talk to mario gab elli about that and the economy and what he is buying right now, an interesting list you won't want to miss. johnson & johnson, peloton, tesla facing potentially serious image problems what are the ceos of those companies need to do to manage the issues to get the so-called messaging right? "power lunch" starts right now >> i am happy to say, thank you, ty we'll be in studio together tomorrow, right? >> tomorrow i will join you. i'm sorry i'm home off today and welcome back we missed you one and all. >> i missed you likewise and nice to be here. stocks are falling from record levels today with the nasdaq hardest hit down 1%. bob pisani, that's nice to say has more for us. hi, bob. >> so great to see you again any warm my heart every time i see you. welcome back modest declines -- we love kelly. did i say modest what's half a percent with a 5% increase in the s&p in april alone? no particular he

i'm about to say some words that make me very map pi, with kelly evans i'm tyler matheson watching theg right now but is there a reason to be really worried we'll talk to mario gab elli about that and the economy and what he is buying right now, an interesting list you won't wan

i'm kelly evans. tyler matheson will join me in a moment stocks rebounding after yesterday's tax bombshell. tech stocks are leading the way. nasdaq up 1.5% bitcoin below 50,000 it was back and forth all day. look at ethereum light coin. intel is falling after the results and this industry going through turbulence but could there be an opportunity down the line "power lunch" starts right now >>> we have our reporters all over this potential capital gains tax hike dom, let's start with you. >> the bounceback is sharp and big on a relative basis. if you look at the dow industrials, the s&p 500 and the nasdaq composite, this is a one week chart and almost flat but for the major indexes we are back to where we were before the headlines with regard to biden possible tax cuts and a one-week basis off a little bit but still a big bounceback from the lows we saw yesterday what's leading the charge higher, technology stocks, financial stocks and the cyclicals like materials these are among the best performers s

>>> good afternoon i'm tyler matheson literally alongside kelly evans today. the celebrity ceo elon musk, that guy, will host "saturday night live" next month we'll talk all things musk as they report results in a couple of hours. >>> ceo pay is a hot topic several companies shelling out big bucks while the companies struggle through the pandemic. >>> cowboys and crypto how did wyoming become a haven for cryptocurrency companies we have all that and more as "power lunch" starts right now >>> stocks are higher today, more than 100 of the s&p 500 companies hitting 52-week highs today. let's go to dominic chu for more. >> out of that 100 some, 70 some are hitting record highs to give you an indication of where we are, just a stone's throw away from record highs in the s&p 500. still though take a look at the sampling mega cap, alphabet up and microsoft just about flat on the day and hit record highs in trading today and capital one still holding on to 2% gains stanley black & decker is weaker but a play on home improvement trade that stock hit a 52-week high toda

i'm tyler matheson with kelly evans. reserve's decision on interest rates. the s&p 500 just barely in the red. basically flat the 10-year yield about 1.65%. there's the benchmarks as we see market reaction from today's fed decision on interest rates let's get straight to the panel. led by mona mahijon, david kelly is chief global strategist and jim karen is global fixed income portfolio manager. nod your heads if you agree the fed isn't going to do anything today. so, we can just end it right here, can't we i guess -- i guess, david, the real question obviously is, what is the text that accompanies this you suspect that the fed is going to have to take into account some of the more positive economic numbers that have hit the tape since the last meeting. >> yes it's going to be hard to stay quite so gloomy here the first thing is literal to have to do something about the statement about inflation. because twice in the statement they say it's running below the objective of 2%. so i think they'll change that i'm going to be

i'm tyler matheson with kelly evans. welcome.ent now the draft is back. the pandemic knocked us down last year but it could not knock us out it couldn't keep us down for 2021 we are here socially distanced and in a new studio and you can see all of the teams are joining us remotely. there they are on the big wall ready to get started all of them one way or another on the clock starting line. >> very exciting we have a supermodel, athletes and stars from twitch and tiktok and the first pick of the cnbc 2021 stock draft belongs to tim seymour on the clock we need to get to dom chu to introduce the participants and the rules. dom? >> the ten teams making two picks each from 60 investment. 56 stocks plus oil, gold, bitcoin. we have the blue chips the big tech stocks like facebook, alphabet, appling amazon and microsoft and the new kids on the block zoom, draft kings, roblox and door dash and there's a gamestop, tillray. all that and more on the board the team will have the biggest stock appreciation not including dividends. the game

i'm tyler matheson kelly evans will join me there's reports that president biden will propose a 43% capital gains tax for high income earners. we'll break down the numbers and whether this is in any sense a surprise or whether he is saying it all along we all know the housing market is super hot right now prices are up. who's buying the homes a hint is your new neighbor may not come with two kids and a dog. i don't know what that means but we'll tell you. >>> plus the yolo economy. not the j.lo economy the pandemic spurring many people to make life changes. "power lunch" will tell you about that and more as we begin right now. kelly? >>> thank you, ty. breaking news, shook the markets in the past hour stocks are sinking now on news of a big hike proposed to the capital gains tax especially for the wealthy. w ylan, what do we know? >> bloomberg reported that the white house is looking at raising the top rate on high income earners to 39.6%. they would then tax capital gains as ordinary income at that higher rate for wealthy households also reporting that the administration would keep in plac

i'm kelly evans. here's what's ahead on the exchange today intel is set to report earnings.ey u.s. supplier justify its recent rally with new ceo ambitious turnaround plan and more competition than other. >>> plus, one hot

i'm kelly evans. here is what's ahead of us today.he dip is something you're told from strategists on wall street what if there aren't any dips to buy? we're speak with a key researcher behind the pfizer vaccine and why she's not overly concerned about those covid var variants a key suppliers was suffering a multi-million dollar

happy friday i'm kelly evans.re with costs going up all across the economy, companies are forced to raise their prices or shrink their profits. we'll you which parts are safe >>> just the beginning dan says evs are one part of the auto tech revolution that will impact every aspect of our lives. we'll ask and amazon seems to be the king of everything these days apple's eu problem and the april fool's joke that went over

so negative about the ability to make more semis i mean come on, as tj rogers said yesterday, to kelly evansthe invisible hand will work, we are going to get more chips, it's not like they're going to sit there and i'm not going to make the low end chip, they will make the low end chips, carl, and charge a fortune for them. >> yes, we've talked about the degree for which the automakers for example have a little less leverage than other sectors in getting that supply going but jim, can you make that same argument for lumber and for palladium? is it beyond the chip supply crunch >> look, lumber is an issue of investment the canadians own the big lumber mills in this country, and we also have tariffs that former president trump put on canada, and i think that it's incumbent upon president biden to call trudeau today and say we want to take those tariffs off, we need your lumber, and then lumber would, it would be cut in half it is a very easy call you get a guy like doug yearly who is such a great home builder, the ceo of toll and he will tell you, it's a one phone call situation we got to remo

jose >> kelly o'donnell in washington, thank you. the death of officer evans is another blow to the capitol hill police force still reeling after the january attack tonight there are new questions about how to keep the capitol building safe while maintaining it as a symbol of democracy. van hilliard has that part of the story. >> reporter: the threat of domestic attacks here in washington january 6. an insurrection of the u.s. capitol then again friday, the killing of a capitol police officer >> we have to get to the root cause of this violence >> reporter: in the months after the january attack, washington fortified its capitol grounds. >> it looks terrible to have the beacon of our democracy surrounded by razor wire and national guard troops >> reporter: the temporary outer barbed wire barrier came down, leaving just this fencing capitol police officers and this existing barrier to respond to friday's attack >> the capitol police have to be ready 24/7 and they need the resources to do it >> reporter: lieutenant general russell honore released a review last m

julius evans live for us out of berkeley high with the story. good morning, kellyeah, good morning. jazz. well, yeah, it's too bad because i know a lot of the the kids are eager to get back into sports. unfortunately, 3 so far came down with covid-19 and that is why they are pausing all sports right now here at berkeley high school. now, the first one. they first got notified last friday with the first case and they quickly followed all all the notification protocols including contact tracing. that's when they got their second case confirmed on sunday and yesterday monday, a 3rd boy tested positive. now it's come from that. during the last during last week's of basketball tryouts most of the students weren't wearing their mask and that they had to try out outside and one indoors. and in all those tryouts. it was friend that most of them were wearing a mask. so at this point, whoever participated in last week. basketball tryouts, including the coaches and anyone who was there. president? has that have been put into a 10 day quarantine. >> and under the direction of